Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
LiveVox Holdings, Inc. amended credit facility with PNC Bank, National Association at a base rate plus a margin of 4.00% or an adjusted term SOFR (based on one- or th.
- Instrument
- credit facility
- Counterparty
- PNC Bank, National Association
- Rate
- a base rate plus a margin of 4.00% or an adjusted term SOFR (based on one- or th
- Event
- amendment
Exact text from the filing
amends the interest rate provisions, including to replace the existing LIBOR benchmark interest rate with an adjusted SOFR benchmark interest rate. As amended, borrowings under the Credit Agreement will accrue interest at a per annum rate, at Borrower’s option, based on either (i) a base rate plus a margin of 4.00% or (ii) an adjusted term SOFR (based on one- or three-month interest periods) plus a margin of 5.00%.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
LiveVox Holdings, Inc. amended Eighth Amendment to Credit Agreement with PNC Bank, National Association valued at Amends existing credit agreement: resets annual recurring revenue financial covenant, replaces LIBOR (effective 2023-03-31).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association
- Value
- Amends existing credit agreement: resets annual recurring revenue financial covenant, replaces LIBOR
- Effective
- 2023-03-31
Exact text from the filing
On March 31, 2023, LiveVox, Inc. (“Borrower”), a wholly-owned subsidiary of LiveVox Holdings, Inc. (the “Company”), entered into the Eighth Amendment to Credit Agreement (the “Eighth Amendment”), which amends that certain Credit Agreement dated as of November 7, 2016 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among Borrower, the other loan parties party thereto, each lender party thereto and PNC Bank, National Association, as administrative agent for the lenders party thereto.
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